Company Valuation: KeePer Technical Laboratory Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 79,113 96,300 133,128 111,896 96,884 80,727 - -
Change - 21.72% 38.24% -15.95% -13.42% -16.68% - -
Enterprise Value (EV) 1 78,259 94,118 129,715 107,165 94,461 67,903 65,019 62,179
Change - 20.26% 37.82% -17.38% -11.86% -28.12% -4.25% -4.37%
P/E 38.3x 31.1x 33.6x 25.3x 19.8x 8.8x 14x 12.7x
PBR 14.2x 12x 11.9x 7.73x 5.37x 3.25x 2.81x 2.47x
PEG - 0.6x 1.2x 2.2x 1.9x 0.1x -0.4x 1.2x
Capitalization / Revenue 6.7x 6.71x 7.81x 5.44x 4.2x 3.15x 2.85x 2.6x
EV / Revenue 6.63x 6.56x 7.61x 5.21x 4.09x 2.65x 2.3x 2.01x
EV / EBITDA 23.7x 20.4x - 16.4x 12.3x 8.81x 7.03x 6.41x
EV / EBIT 25.9x 21.8x 23.7x 17.6x 13.3x 9.56x 7.47x 6.41x
EV / FCF 33.2x 50.3x 59.7x 38.5x 49x 5.29x 14.1x 13.4x
FCF Yield 3.01% 1.99% 1.67% 2.6% 2.04% 18.9% 7.08% 7.46%
Dividend per Share 2 20 31 43 50 60 100 67 73
Rate of return 0.69% 0.88% 0.88% 1.22% 1.69% 3.38% 2.27% 2.47%
EPS 2 75.65 113.4 145.1 162 179.1 336.1 210.7 233.6
Distribution rate 26.4% 27.3% 29.6% 30.9% 33.5% 29.8% 31.8% 31.3%
Net sales 1 11,801 14,358 17,042 20,574 23,093 25,667 28,300 31,000
EBITDA 1 3,302 4,615 - 6,548 7,657 7,708 9,251 9,702
EBIT 1 3,021 4,326 5,475 6,101 7,099 7,100 8,700 9,700
Net income 1 2,133 3,093 3,957 4,421 4,889 9,280 5,818 6,375
Net Debt 1 -853.9 -2,182 -3,413 -4,731 -2,423 -12,824 -15,708 -18,548
Reference price 2 2,900.00 3,530.00 4,880.00 4,100.00 3,550.00 2,958.00 2,958.00 2,958.00
Nbr of stocks (in thousands) 27,280 27,280 27,280 27,292 27,291 27,291 - -
Announcement Date 8/10/21 8/10/22 8/10/23 8/9/24 8/15/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.8x2.64x8.81x3.38% 506M
19.87x3.66x11.96x1.68% 11.33B
20.83x2.91x10.84x - 5.83B
84.5x1.08x9.13x - 1.79B
17.22x - - 0.83% 385M
8.89x - - 1.52% 204M
-4.13x0.66x3.9x-.--% 144M
Average 22.28x 2.19x 8.93x 1.48% 2.88B
Weighted average by Cap. 25.26x 3.15x 11.23x 1.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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